Trading down on JSE Main Market

Market activity pulled back on Wednesday, with the volume of shares trading declining 56 percent and the value down 61 percent from trading on Tuesday at the close of the Jamaica Stock Exchange Main Market, leaving rising stocks falling well short of those declining.
The All Jamaican Composite Index dipped 382.47 points to 426,641.23, the Main Index shed 676.11 points to end at 385,698.46 and the JSE Financial Index slipped 0.24 points to settle at 94.66.
Trading ended with 51 securities compared to 52 on Tuesday, with 16 rising, 22 declining, with 13 unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.9. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 3,490,636 shares traded for $80,777,884 versus 7,936,245 units at $204,991,450 on Tuesday. Transjamaican Highway led trading with 626,462 shares for 17.9 percent of total volume, followed by Caribbean Producers with 390,383 units for 11.2 percent of the day’s trade and Carreras with 360,644 units for 10.3 percent.
Trading averages 68,444 units at $1,583,880, compared to 152,620 shares at $3,942,143 on Tuesday and month to date, an average of 449,742 units at $4,806,835, against 475,915 units at $5,028,061 on Tuesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and lower offers.
At the close, Caribbean Cement rose $1.50 to close at $72 closed trading 22,014 stock units, Eppley advanced 50 cents to $36 after 220 units crossed the exchange. Eppley Caribbean Property Fund rallied 50 cents in closing at $42 after exchanging 2,929 stocks, Guardian Holdings declined $9.88 to a 52 weeks’ low of $505.12 with the swapping of 11,763 shares, Jamaica Producers fell 84 cents to $22.51 in switching ownership of 17,474 units. Mayberry Jamaican Equities increased 33 cents to close at $9.45 crossing the market 58,420 stock units, NCB Financial lost 70 cents to end at $119.80 with an exchange of 244,696 stocks, 138 Student Living popped 47 cents to end at $4.25 after exchanging 1,258 shares, PanJam Investment shed $1.48 to end at $63.50 in exchanging 4,125 units. Proven Investments dropped 5 cents in closing at $32.95 in an exchange of 4,650 stocks, Radio Jamaica declined 46 cents to end at $3.04, with 130,480 stock units changing hands, Sagicor Real Estate Fund fell $1.49 to $6.01 in trading 20,619 shares. Scotia Group gained 50 cents to $37 trading 138,755 shares, Seprod dropped $2 to close at $62, with 7,547 stock units crossing the market and Wisynco Group lost 91 cents in closing at $16.04 trading 37,664 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.